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Maths MCQ - Simple and Compound Interest

1 In how many year interest of ₹3000 will be ₹1080 at the simple interest rate of 12% annually?

2 At what rate the simple interest will be 2/5 times to the original sum in 10 yr?

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Question:

In how many year interest of ₹3000 will be ₹1080 at the simple interest rate of 12% annually?

A. 3yr.
B. 2.5yr.
C. 2yr.
D. 3.5yr.

Correct answer: A

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